How to Prevent Employee Theft and Fraud

Employee theft and fraud can happen in any business. However, smaller businesses are being hit more frequently, in part because too often owners don’t have the right checks and balances in place.

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Below are modes of preventing employee theft and fraud:

1. Acknowledge that it can happen to you

Almost every case of employee theft in small business involves a person who is trusted, taking money from an unsuspecting owner. Don’t trust your bookkeeper enough that you don’t look closely at your books. Trust, but verify.

2. Avoid employees with multiple responsibilities

Avoid having the same employee set up a vendor, approve a payment, and write the check. It’s better to have more than one person involved when money leaves the business.

3. Run income and expenses through a checking account

Put all income and expenses of your business into a checking account. This way, you can track all your transactions through the receipts that cannot be tampered with because it’s controlled by the bank.

4. Review statements

Owners should regularly and randomly review transactions such as bank statements, credit card statements, and payroll reports. This will prevent your bookkeeper from using business money for personal purchases.

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I’m Jack Bonner, currently studying for my degree in finance with the goal of becoming a forensics accountant. Visit my LinkedIn page to know more about me.


Fun Facts About The Sport Of Rugby

Those getting into rugby football would do well to know that the sport has a rich history that’s divided into the codes: the rugby union and the rugby league. Originating in England, both codes (as well as rugby’s other variations like Gridiron and association football) are now wholly different sports popular in many countries all over the world. Below are some interesting trivia about the game.

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This sport is actually named after a school. Rugby School in Warwickshire, UK, is the birthplace of rugby. It was originally played more like soccer until a student named William Webb Ellis ran with the ball in 1823. But this won’t become the rule until many years later.

The earliest reference to rugby football in the Oxford English Dictionary dates back to 1852, and rugby balls were initially shaped like plums as they were made from pig bladders. The rugby union code first played internationally in January 1871, won’t become an official professional sport until 1995.

At one time, the sport involved hundreds of players, as there were no limits to the number of players per team. In fact, in a game between Rugby School and Queen Adelaide in 1839, one side had 75 players and the other 225.

Rugby history is not without its set of thrills and drama. In 2003, England won the rugby World Cup with just 26 seconds remaining in extra time, after Jonny Wilkinson’s drop goal for a 20-17 win over Australia.

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Hello, my name’s Jack Bonner, and I’m from Arizona. I’m studying finance with the goal of becoming a CPA soon. I’m also a huge fan of rugby. More of my writings here.

Boxing Greats: The All-Time List

If we had a penny for every fighter who declared himself the greatest of all time or the best ever, we’d have a lot of pennies. However, even with the number of the great fighters that have come in generation after generation, only a handful have been considered as part of the all-time list. Let’s take a look at some of them.

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Muhammad Ali: Ali is undoubtedly the brightest light the boxing world has ever known. He had it all: charisma, skill, and belief in himself. No other boxer in history would ever be as popular and as well-loved.

Sugar Ray Robinson: Often placed at the top of greatest pound-for-pound fighters’ lists, Robinson was a champion’s champion. He defended his belt on a weekly basis and had everything a boxer needed to clean out divisions.

The Four Kings: As a collective whole, Sugar Ray Leonard, Tommy Hearns, Roberto Duran, and Marvin Hagler ruled the middle divisions of boxing for a good decade-and-a-half. They were never afraid to face each other and had unparalleled boxing techniques uniquely their own.

Mike Tyson: Kid Dynamite or Iron Mike – this man was a force of nature. At his peak, no other fighter stood a chance. He was as fast as he was powerful. And nobody could penetrate his defense.

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Roy Jones Jr.: It is universally believed that a Roy Jones Jr. at his peak was the most talented and skillful boxer in history. Although he was often criticized for fighting tomato cans, it was only because of how easy he made it look when he beat every fighter that came up against him.

My name is Jack Bonner. I am an Arizonan and I love talking about sports. Follow me on Facebook to know more about me and the stuff I’m passionate about.

Three money management tips for young adults

Unfortunately, money management is not taught in elementary school. Only 17 states require students to take a personal finance course in high school, but only a handful of them require you to pass a test on the topic.

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When it comes to managing finances, the younger generation tends to make mistakes until they learn. With that in mind, here are three management tips for young adults:

1. Begin retirement planning with your first job

If the company you work for offers a 401(k) plan, sign up at the first opportunity. If they don’t provide it, divert some of your funds into an IRA. It’s easier to build your retirement fund as early as possible, so you’ll be able to retire earlier.

2. Use your credit card sparingly

Remember, it’s not your money. Once you use it, you incur debt. Pay it off before it gains interest. A credit card is a good way to build up your credit score, provided you pay it on time.

3. Select your partner wisely

Choose someone whose values match your own, not just where money is concerned, but more importantly, ethical and moral values. Get to know your partner so well that you can trust him or her.

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I’m Jack Bonner from Arizona. I’m currently studying finance with the goal of becoming a forensic accountant. Visit my blog to know more about me.

Certified EDM classics that shaped the genre

EDM is probably one of the most controversial genres of popular music. And do not get me started on arguments about their perceived popularity. Its strongest advocates and stingiest critics can spend hours fighting over classifications, definitions, and other cultural implications of the term and the actual music. Talk about the death of EDM is just around the corner, and it might be timely to discuss “classics” and how certain tracks have defined the genre’s status.

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Here are some of the iconic EDM tracks that any fan should know:

“Strings of Life” by Rhythim Is Rhythim (1987)

Probably one of the most essential EDM classics and surely one that is crucial to the development of the genre. Many fans and producers still go back to this track to mark standards. People may classify this as techno, given Derrick May’s pivotal role in the Detroit techno scene, but this is as much an EDM song. Even without a bassline, this hard-thumping track ruled the party.

“Scary Monsters and Nice Sprites” by Skrillex (2010)

One of the most “hated” EDM artists ever, Sonny John Moore aka Skrillex, revamped (or for some irked critics, destroyed) the dubstep subgenre and subculture in Britain. The only way to describe dubstep in the hands of Skrillex is to affix the phrase “on steroids” to the term. But the complexity and energy of the rhythms can be interesting aspects of the track.

”Levels” by Avicii (2011)

This progressive house piece is on a completely different plane and easily one of the best tracks. It features a sample from “Something’s Got a Hold on Me,” with that scintillating Etta James vocals. The synth riffs are enough to blow your mind.

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The name’sJack Bonner, finance student and part-time bank clerk. I crunch numbers for fun and profit. I love fitness, sports, and sports memorabilia collecting and am a big fan of Game of Thrones, Friends, Black Sails, and One Piece. I enjoy listening to EDM and hip hop and spending do-nothing days binge-watching. To know more about my inclinations, follow me on Facebook.

The best heavyweight boxers post-Ali

Boxing can be divided into two eras – pre-Muhammad Ali and post-Muhammad Ali. If he didn’t say he was the greatest, someone else probably would have. There is very little doubt that Muhammad Ali was the greatest light the boxing world has ever known. Here are some of the other greats who came after Ali.

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Larry Holmes

Larry Holmes emerged at the tail-end of Ali’s career. He was the former sparring partner of Ali who would later beat and retire Ali. Often said to have had the greatest jab in heavyweight boxing history, Holmes defended his title 20 times, which is the second-most for heavyweights.

Mike Tyson

Much has been said about Iron Mike — but when he was at his peak, when he was Kid Dynamite, when Cus D’amato trained him, the world never saw a more terrifying, more dominant fighter. He had the power of George Foreman but had the speed and technique to focus it all on an opponent.

Evander Holyfield

Holyfield was as rugged and tough as he was mild-mannered. He could take punishment, and he could dish it out as well. What he lacked in technique, he made up for in endurance and stamina. And he was built like an oak tree.

Lennox Lewis

Speaking of technique, Lennox Lewis provided the blueprint of the technique for heavyweights in the modern era. He knew how to counter and conserve his strength for the later rounds. Lewis dominated much of the late ‘90s to the following decade.

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I’m Jack Bonner, a student and part-time bank clerk from Arizona. I love talking and writing about sports. Follow me on Facebook for more interesting discussions.

Two life lessons you can learn from watching ‘One Piece’

With well over 700 episodes and counting, any true fan will tell you that One Piece isn’t just an anime, but it’s a way of life. If you’ve been watching the show from day 1, you’ll have invested so enough emotion in the characters that when one of them died, you’d mourn. For this reason, “One Piece” has taught me more about life than any other piece of literature could.

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The following are just two of the countless life lessons one can learn from “One Piece.”

1. Never give up

The trope of most anime protagonists is their unwavering ability to remain optimistic and believe in their dreams despite moments of immense difficulty. Luffy has an unbreakable will, and he never doubts himself for a second.

2. You don’t always have to win to be a hero

There are many times characters in this show have given it their all, even though they knew they didn’t stand a chance. This anime taught me that even if trying is the best you can do, you can never feel ashamed because you tried your best. Thank you, Usopp.

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Hi there, Jack Bonner here. I’m a college student from Arizona currently taking up finance. I’m a huge fan of rugby. Visit my page to read more about my favorite anime, ‘One Piece.’